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Jan 7, 2013
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it was like 800 million people, americans, japanese, western americans, western europeans. the next 50 years we are adding 3 billion new consumers, china, india, brazil, indonesia, for instance. the growth that will come in front of us in the next 50 years has nothing to do with what has been areceived in the last six years. the only difference that will be done in those new markets, one, and the specificity of those markets, young people loving brands, loving sports, and becoming rich much sooner, compared to what we been enjoying in the other market, which will be enjoying a very strong growth in the next even 20 years. >> these are mega trends. and also in that mega friend is the fact that women are out numbers men, women of color, asian, latin-americans. and you're looking at young people as well as women really driving business. >> when it comes to luxury brands, when it comes to ready to wear accessories, it's a very much driven by woman by name, of course, and when it comes to sports, 15- to 25-year-old customers, very, very numerous in those countries. at ppr we hav
it was like 800 million people, americans, japanese, western americans, western europeans. the next 50 years we are adding 3 billion new consumers, china, india, brazil, indonesia, for instance. the growth that will come in front of us in the next 50 years has nothing to do with what has been areceived in the last six years. the only difference that will be done in those new markets, one, and the specificity of those markets, young people loving brands, loving sports, and becoming rich much...
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Jan 7, 2013
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most importantly, don't give confidence to the american public or american businesses that we're dealing with our problems in a way that is going to help grow the economy over time. >> yeah. that makes a lot of sense. i mean, it feels like the economy is handcuffed, and businesses are not going to spend money if they don't have the certainty. let me ask you, because this congressional deal had few, if any, spending cuts. how is it possible that after all of this talk about raising taxes on a small number of people, not putting a dent in the debt, the $16 trillion debt, how is it possible that this congress accepted higher taxes with no spending cuts, and what kind of spending cuts would you like to see? >> it's stunning. it's inconceivable to me. we should be adopting what simpson-bowles did that said for every dollar of revenue well, need $3 worth of expense cuts. it's very simple. that's the only way we get to with wr we need to get. there are many areas of expense reductions, but fundamentally we have to attack entitlements. that's -- they're growing at a level that is unsustainable,
most importantly, don't give confidence to the american public or american businesses that we're dealing with our problems in a way that is going to help grow the economy over time. >> yeah. that makes a lot of sense. i mean, it feels like the economy is handcuffed, and businesses are not going to spend money if they don't have the certainty. let me ask you, because this congressional deal had few, if any, spending cuts. how is it possible that after all of this talk about raising taxes...
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Jan 27, 2013
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and i think buy american company is pretty good prices. these are world class companies. not just america, european and japanese and chinese companies, but you are still buying them at fairly good prices. the return is not that good. i'm comfortable owning stocks right now. >> my thanks to jamie dimon. >>> the state of business, the state of investors and the state of europe is all part of the conversation here at davos this week. this citi ceo to a billionaire philanthropist, here's what they had to say. >> our strategy to me is really focused around the big secular things going on in the world, globalization, urbanization, digitization. if you think of globalization, you look at what's going on in the economy, most of the growth is coming from the developing countries. >> the markets, they're recovering. investors had something like 15% increase in the 401(k) plans last year. housing prices have recovered. the net wealth are increasing the confidence of investors to participate and there's obviously rotation from bonds to equities. >> there's a general sense of let's sa
and i think buy american company is pretty good prices. these are world class companies. not just america, european and japanese and chinese companies, but you are still buying them at fairly good prices. the return is not that good. i'm comfortable owning stocks right now. >> my thanks to jamie dimon. >>> the state of business, the state of investors and the state of europe is all part of the conversation here at davos this week. this citi ceo to a billionaire philanthropist,...
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Jan 21, 2013
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americans are now 69% overweight, 36% obese. we spend 80% of our health care dollars in lifestyle diseases such as heart disease, cancer, diabetes. so there is a trend towards healthier eating. >> all preventible, by the way. >> that's right. there's also a trend, of course, to more junk food. so we have different trends in this society. of course, my business focuses on the healthier trends. that's what wae're trying to do help america eat healthier and live longer. >> you know so much about this. how do you eat? are you a vegan? >> i am, yes. ten years now. no oil vegan. try to avoid eating processed foods like sugar and white flour. it's worked very well for me. i very seldom get sick, feel great. i feel better today at 59 than when i was 39. >> isn't that wonderful? >> it is. >> some people question whether or not organic is worth it. is it worth the extra money? >> i think that it is. it's definitely, i think, better for the environment. it lowers the risk of pesticides in the ground water, pesticides in our own bodies. i t
americans are now 69% overweight, 36% obese. we spend 80% of our health care dollars in lifestyle diseases such as heart disease, cancer, diabetes. so there is a trend towards healthier eating. >> all preventible, by the way. >> that's right. there's also a trend, of course, to more junk food. so we have different trends in this society. of course, my business focuses on the healthier trends. that's what wae're trying to do help america eat healthier and live longer. >> you...
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Jan 14, 2013
01/13
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wells fargo beat expectations as did american express. apple is said to be considering a cheaper version of the iphone. the iphone5 costs about $200 with a contract with a wireless carrier. the less expensive version would have a plastic body. >>> the debt ceiling, new treasury secretary, will washington be an on stockles to the market and the economy or will washington be a help? joining me now is geg i and author of "the economist" and jerry webman, chief economist at oppenheimer funds. thanks for joining us. >> hi. >> greg, let me kick this up with you. president obama's pick for treasury secretary, chief of staff, jack lew, will take over for timothy geithner. is this a missed opportunity to be friendly to business, the business community, or is this a new call since it appears that nobody on earth knows this better than mr. lew. >> well, i think jamie dimon would build business between the community which feels a little bit alienated by the administration's first-term policies and mr. obama. but what they got is a guy -- not one of t
wells fargo beat expectations as did american express. apple is said to be considering a cheaper version of the iphone. the iphone5 costs about $200 with a contract with a wireless carrier. the less expensive version would have a plastic body. >>> the debt ceiling, new treasury secretary, will washington be an on stockles to the market and the economy or will washington be a help? joining me now is geg i and author of "the economist" and jerry webman, chief economist at...
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Jan 14, 2013
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financial giant, wells fargo, beat expectations, as did american express. apple is said to be considering a cheaper version of the iphone. the iphone 5 costs about $200 with a contract with a wireless carrier. the less expensive version would have a plastic body. >>> the debt ceiling, the new treasury secretary, so will washington be an obstacle to the markets and the economy, or will washington actually be a help? joining me now, greg ip, u.s. economists editor of "the economist" and author of "the little book of economists" and jerry webman. gentlemen, good to see you. thank you so much for spending the time. >> hi, maria. >> president obama's pick for treasury secretary we learned officially this week. his chief of staff, jack lew, will take over for timothy geithner. is this a missed opportunity to be friendly to business, the business community, or is this a good call, since it appears nobody on earth knows the budget better than mr. lew? >> well, i think wall street and the business community would indeed have liked somebody who was perhaps of their o
financial giant, wells fargo, beat expectations, as did american express. apple is said to be considering a cheaper version of the iphone. the iphone 5 costs about $200 with a contract with a wireless carrier. the less expensive version would have a plastic body. >>> the debt ceiling, the new treasury secretary, so will washington be an obstacle to the markets and the economy, or will washington actually be a help? joining me now, greg ip, u.s. economists editor of "the...